Fundamental geopolitical challenges, the increase in cyberthreats, global pandemics, natural disasters and climate change all drive the need for secure and sovereign communication systems. Maritime surveillance, environmental monitoring, virtual health and education platforms and the safety of our traffic and logistics on Earth and in space are a major concern for governments, agencies, industries and citizens.
Satellite Communications can support missions from institutional users and publicly-regulated operators along their entire lifecycle. Safety and security represent a major market opportunity for the space industry.
The global market related to space systems for safety and security is estimated to grow threefold in the next two decades, from €7.4 billion in 2025 to €22.2 billion in 2040, according to a Euroconsult study. The addressable market in Europe is expected to grow at an even faster pace, from €1.7 billion to €6.4 billion in the same period until 2040. Space Systems for Safety & Security taps this market.
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